Espenilla previously said they expect inflation to peak between August and September of this year before tapering off in 2019. (READ: Higher inflation in 2019 if rice tariffication not passed – Diokno)

Economists said the elevated prices of goods pulled down the economy’s growth. The country’s gross domestic product (GDP) grew by only 6% in the 2nd quarter of 2018, missing all market estimates. – Rappler.com